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Stock Market & Financial Investment News

News Breaks
February 28, 2013
05:40 EDTPZGParamount Gold & Silver completes PEA for San Miguel Project in Mexico
Paramount Gold and Silver announced the results of a Preliminary Economic Assessment, or PEA, for its 100%-owned San Miguel gold and silver project located in Chihuahua State, Mexico. The PEA was prepared by Metal Mining Consultants of Denver, Colorado incorporating a resource model developed by Mine Development Associates of Reno, Nevada. The PEA confirms that the San Miguel project represents an unusually robust economic opportunity to develop a low cost mine in the prolific Sierra Madre belt in Mexico. The complete PEA will be filed at SEDAR within 45 days. Highlights of the assessment include low initial capital of $232M and low operating costs generate exceptional economics. Estimated average annual production of 57,300 ounces Gold and 3.1M ounces Silver for 14 years. Estimated base case pre-tax NPV of $707M at a 5% discount rate and IRR of 33.2%.
News For PZG From The Last 14 Days
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January 20, 2015
06:04 EDTPZGParamount Gold & Silver reports three holes intercepted gold and silver
Paramount Gold and Silver (PZG) reported that each of the last three core holes in its 2014 drill program have intercepted gold and silver mineralization. These holes targeted the higher grade Don Ese deposit, located on its 100%-owned San Miguel Project in northern Mexico immediately adjacent to Coeur Mining's (CDE) Palmarejo Mine Complex. DS-052 and DS-053 were infill holes drilled to upgrade the mineralized material estimate while DS-051 successfully tested the Don Ese vein at depth, effectively expanding the length of the known mineralization.

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